M.A. in International Studies and Diplomacy, The School of Oriental and African Studies, University of London, UK
B.A. in English, Aoyama Gakuin University, Tokyo Japan
Research Interests / Specializations:
International Political Economy and the Environment; Globalization and Multinational Corporations; Critical Management Studies (Corporate Social Responsibility & Socially Responsible Investment); Ecological Economics; Environmental Justice
Emerging factors in global environmental governance - the expansion of global markets, the rise of corporate power and its social and environmental impact, and international/national governance deficits - raised a demand for a variety of private governance mechanisms to enforce corporate social responsibility (CSR). Over the past decades, market mechanisms and financial considerations have increasingly taken the central role of environmental management and sustainable development at national and global levels. Among the various market-based environmental initiatives, sustainability investment (SI) has made a remarkable growth over the past decades in both the assets under management (over $12 trillion as of 2018) and diversity of actors in its institutional alliance. Such a private governance initiative is widely considered to create positive incentives and flexibility for actors to resolve market failures and to meet public expectation. My research frames SI as a new site and mode of global environmental governance and argues that, through SI activities, the global financial industry has become capable of creating a new institution that sets up a global private regime, influences multinational corporations’ business activities, and shapes the public discourse on sustainability. By investigating the evolving institutional architecture, agent network, and shared norm, the research evaluates the effectiveness of SI as a privatized environmental regime. The study aims to add the latest case studies and theory in the literature of global environmental politics and business ethics and to provide policy recommendations to business management and CSR practitioners.
Kusumi, Noriko. “Beyond Politics: The Private Governance Response to Climate Change by Michael P. Vandenbergh, and Jonathan M. Gilligan (Review).” Global Environmental Politics 19, no. 1 (March 5, 2019): 129–30.
Kusumi, Noriko. “Chapter 7: Research and Analysis for Socially Responsible Investment – Challenges and Prospects.” In Environmental Finance and Responsible Investment, edited by Tsuyoshi Mizuguchi. The innovation of Environmentally Conscious Management 3, 2011.